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Tesla is launching another vehicle without a steering wheel. On Thursday, the electric automaker released a Tesla-branded, $225, pedal-less bike for toddlers. It’s called the Balance Bike for Kids. For Tesla, the kid’s product offers parents a more attainable entry point into that miniature Tesla ecosystem — but it isn’t cheap. Tesla’s version is more…
Every brand wants to be a lifestyle brand these days. It’s not an easy sell.
Everyone deals with some form of temptation. Even companies with energy and mining outfits are prime examples, so with oil prices high today, mostly due to the war in Iran, it’s a good time to discuss corporate temptation as it relates to energy stocks, including Occidental Petroleum (OXY +2.25%). When it reported first-quarter results in…
“Where are all the people?” My mother, Roberta, was standing in the doorway of the guest bedroom in her house, a bedroom I occupied when I visited. Her short frame was visible in the dark of night, and she wore an almost gossamer nightgown, casting an eerie image of gently floating in place. It was…
Bad weather is no longer bad for business at 28 Wishes Ice Cream Shop. The brothers behind the parlor in downtown Los Angeles hedge against slow sales on a prediction market, cashing in when temperatures drop.
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The world’s AI superpowers differ on a key strategy: openness. Chinese leader Xi Jinping shared his philosophy on AI at the World Artificial Intelligence Conference in Shanghai on Friday. He called for both more regulation of the tech — as well as open-sourcing it. In a list of four observations, Xi first called for a…
Canadian trade tariffs on steel, aluminum, automobiles, and cabinetry continue to affect industries with significant cross-border activity. These sectors remain outside CUSMA’s protections. Meanwhile, Ottawa directed the Canadian Radio-television and Telecommunications Commission (CRTC) earlier this year to reconsider a decision that tripled streamers’ contributions to Canadian content. That move came after pressure from US interest…
The trust behind reimbursing creditors with ties to defunct cryptocurrency exchange FTX announced that its next distribution of funds would start on July 31. In a Friday notice, the FTX Recovery Trust and crypto exchange said that they would distribute about $900 million to claimants in the recovery plan’s “convenience and non-convenience classes.” Eligible creditors…